Sanctuary Advisors LLC Has $17.83 Million Stake in Waste Management, Inc. (NYSE:WM)

Sanctuary Advisors LLC grew its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 5.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,439 shares of the business services provider's stock after acquiring an additional 4,155 shares during the quarter. Sanctuary Advisors LLC's holdings in Waste Management were worth $17,827,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Aldebaran Financial Inc. grew its position in Waste Management by 4.6% during the third quarter. Aldebaran Financial Inc. now owns 11,210 shares of the business services provider's stock worth $2,327,000 after buying an additional 489 shares in the last quarter. McIlrath & Eck LLC grew its holdings in shares of Waste Management by 0.7% during the 3rd quarter. McIlrath & Eck LLC now owns 12,706 shares of the business services provider's stock worth $2,638,000 after purchasing an additional 84 shares in the last quarter. Unigestion Holding SA increased its position in shares of Waste Management by 28.2% during the third quarter. Unigestion Holding SA now owns 174,293 shares of the business services provider's stock valued at $36,154,000 after purchasing an additional 38,334 shares during the period. Sunbelt Securities Inc. raised its stake in shares of Waste Management by 19.9% in the third quarter. Sunbelt Securities Inc. now owns 990 shares of the business services provider's stock valued at $206,000 after purchasing an additional 164 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in Waste Management by 1.9% during the third quarter. Toronto Dominion Bank now owns 185,454 shares of the business services provider's stock worth $38,500,000 after buying an additional 3,495 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on WM shares. Stifel Nicolaus lifted their target price on shares of Waste Management from $243.00 to $252.00 and gave the company a "buy" rating in a research report on Wednesday. CIBC upped their price objective on Waste Management from $228.00 to $235.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. Argus boosted their price target on Waste Management from $230.00 to $240.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. BMO Capital Markets lifted their price objective on Waste Management from $213.00 to $220.00 and gave the company a "market perform" rating in a report on Wednesday, October 30th. Finally, William Blair began coverage on shares of Waste Management in a report on Thursday, October 3rd. They issued an "outperform" rating on the stock. Ten analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Waste Management currently has an average rating of "Moderate Buy" and a consensus price target of $230.72.

Insider Activity at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the completion of the transaction, the director now owns 3,875 shares in the company, valued at approximately $834,946.25. The trade was a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by corporate insiders.

Waste Management Trading Down 0.3 %

WM stock traded down $0.64 during midday trading on Friday, reaching $213.81. The stock had a trading volume of 456,049 shares, compared to its average volume of 1,609,761. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a twelve month low of $173.01 and a twelve month high of $230.39. The firm has a market cap of $85.82 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 2.26 and a beta of 0.75. The business has a fifty day simple moving average of $217.55 and a two-hundred day simple moving average of $211.37.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The business had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same period in the previous year, the firm posted $1.63 earnings per share. Waste Management's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, research analysts expect that Waste Management, Inc. will post 7.31 EPS for the current fiscal year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 1.40%. Waste Management's dividend payout ratio is currently 45.87%.

About Waste Management

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.